GDP size up, growth down as new base year takes effect The economic growth rates posted in recent years were revised downwards but the size of the economy expanded thanks to a new base year adopted by the Bangladesh Bureau of Statistics (BBS). For example, Bangladesh’s gross domestic product (GDP)

Call money rate falls to record low amid tepid demand The call money rate has plummeted to a record low, indicating the market is flush with liquidity with hardly any demand for credit. Data shows the weighted average call money rate was 8.16% in 1997, which came down to 7.37%

BB extends both policy coverage, tenure Considering the Covid-19 pandemic, the central bank has allowed more time for the exporters to realise their export proceeds. The tenure has been extended up to seven months instead of existing six months, and the coverage of the relaxed policy widened to all export

Inflation rate maintains declining trend for fifth consecutive month The inflation rate eased further as it fell to 8.57 per cent in January down from 8.71 per cent last December, according to the monthly consumer price (CPI) index of the Bangladesh Bureau of Statistics (BBS). State Minister for Planning Dr

Modern Syntex coming to feed into major demand for synthetic yarns Modern Syntex has stepped up with a big investment in manufacturing polyester and synthetic yarns to fit the bill for global consumers switching from cotton to manmade fabrics. The factory, being developed on 20 acres of land in Bangabandhu